Flushing Bank Receives Approval to Participate in the Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant Program
Flushing Financial Corporation (Nasdaq: FFIC) announced its approval to participate in the FHLBNY Small Business Recovery Grant Program on May 14, 2020.
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Flushing Financial Corporation (Nasdaq: FFIC) announced its approval to participate in the FHLBNY Small Business Recovery Grant Program on May 14, 2020. This initiative aims to support local small businesses and non-profit organizations in their market areas. President and CEO John Buran emphasized the importance of small businesses in economic recovery. Flushing Bank is committed to providing essential resources to foster community development amidst challenging times.
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UNIONDALE, N.Y., May 14, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that its application for participation in the FHLBNY Small Business Recovery Grant Program has been approved.
“We are very pleased that we have been approved to participate in the FHLBNY’s Small Business Recovery Grant Program. These funds will be distributed to small businesses and non-profit organizations in our local market areas.” stated John Buran, President and CEO. “As a community bank, we recognize the important role that small businesses will play in the economic recovery of our local markets. This grant program is another way for us to contribute the much needed support to small businesses and charitable organizations in our local communities.” Buran said.
About Flushing Financial Corporation
Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank®, a New York State—chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending teams create mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-friendly, healthier lifestyle community brand.
Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visiting the Company’s website at flushingbank.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “goals”, “potential” or “continue” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.
Contact:
Maria A. Grasso
Senior Executive Vice President, Chief Operating Officer
Flushing Bank
718-961-5400
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